Bank of New York Mellon Corp Acquires 268,271 Shares of Terex Corporation $TEX

Bank of New York Mellon Corp lifted its holdings in shares of Terex Corporation (NYSE:TEX) by 40.3% in the first quarter, HoldingsChannel reports. The institutional investor owned 934,045 shares of the industrial products company’s stock after buying an additional 268,271 shares during the period. Bank of New York Mellon Corp’s holdings in Terex were worth $55,202,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. UMB Bank n.a. boosted its position in Terex by 15.0% during the fourth quarter. UMB Bank n.a. now owns 1,451 shares of the industrial products company’s stock valued at $77,000 after purchasing an additional 189 shares during the last quarter. M&T Bank Corp boosted its holdings in shares of Terex by 3.1% in the 2nd quarter. M&T Bank Corp now owns 7,497 shares of the industrial products company’s stock valued at $350,000 after buying an additional 225 shares during the last quarter. Perigon Wealth Management LLC grew its stake in shares of Terex by 2.5% in the fourth quarter. Perigon Wealth Management LLC now owns 9,246 shares of the industrial products company’s stock valued at $494,000 after buying an additional 228 shares in the last quarter. Drum Hill Capital LLC grew its stake in shares of Terex by 0.6% in the fourth quarter. Drum Hill Capital LLC now owns 48,067 shares of the industrial products company’s stock valued at $2,566,000 after buying an additional 278 shares in the last quarter. Finally, Kestra Advisory Services LLC increased its holdings in Terex by 4.0% during the first quarter. Kestra Advisory Services LLC now owns 7,369 shares of the industrial products company’s stock worth $436,000 after buying an additional 286 shares during the last quarter. Institutional investors own 92.88% of the company’s stock.

Insiders Place Their Bets

In related news, insider Joshua Gross sold 5,874 shares of Terex stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $61.53, for a total transaction of $361,427.22. Following the completion of the sale, the insider directly owned 48,706 shares of the company’s stock, valued at approximately $2,996,880.18. This trade represents a 10.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.60% of the company’s stock.

Terex Stock Performance

NYSE TEX opened at $68.52 on Friday. The stock has a market cap of $7.82 billion, a PE ratio of 32.78, a P/E/G ratio of 1.05 and a beta of 1.49. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.88 and a current ratio of 1.84. The firm has a 50-day moving average of $64.29 and a 200-day moving average of $62.84. Terex Corporation has a 52-week low of $41.70 and a 52-week high of $74.69.

Terex (NYSE:TEX) last released its quarterly earnings results on Friday, May 1st. The industrial products company reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.20. The firm had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.70 billion. Terex had a net margin of 1.87% and a return on equity of 13.43%. The business’s revenue was up 41.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.83 EPS. Terex has set its FY 2026 guidance at 4.500-5.000 EPS. On average, sell-side analysts anticipate that Terex Corporation will post 4.85 EPS for the current year.

Terex Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Tuesday, August 11th will be paid a dividend of $0.17 per share. The ex-dividend date is Tuesday, August 11th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.0%. Terex’s dividend payout ratio (DPR) is 32.54%.

Analyst Upgrades and Downgrades

TEX has been the topic of several analyst reports. Evercore reaffirmed an “outperform” rating and set a $81.00 price target on shares of Terex in a research report on Monday, May 11th. Morgan Stanley reaffirmed an “overweight” rating and issued a $84.00 target price on shares of Terex in a report on Wednesday, May 6th. Raymond James Financial upgraded Terex from an “outperform” rating to a “strong-buy” rating and set a $85.00 price target for the company in a report on Monday, May 11th. Zacks Research upgraded Terex from a “strong sell” rating to a “hold” rating in a research note on Monday, April 13th. Finally, JPMorgan Chase & Co. raised their price objective on Terex from $69.00 to $80.00 and gave the company a “neutral” rating in a research report on Monday, July 13th. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $79.45.

Terex Profile

Terex Corporation is a global manufacturer of lifting and material-handling plant and equipment, serving a range of industries that includes construction, infrastructure, energy, manufacturing and shipping logistics. Its product portfolio encompasses aerial work platforms, rough terrain and tower cranes, port and cargo handling equipment, material processing machinery and utility products. These offerings are marketed under well-known brands such as Genie®, Terex® AWP, Terex® Cranes, Demag®, and Powerscreen®, and are designed to meet diverse application requirements from building sites to industrial facilities and ports.

Headquartered in Westport, Connecticut, Terex traces its roots back to 1933 and has grown through strategic acquisitions and organic expansion.